Susquehanna Fundamental Investments LLC Invests $6.80 Million in American Financial Group, Inc. (NYSE:AFG)

Susquehanna Fundamental Investments LLC acquired a new position in American Financial Group, Inc. (NYSE:AFG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 49,658 shares of the insurance provider’s stock, valued at approximately $6,800,000. Susquehanna Fundamental Investments LLC owned approximately 0.06% of American Financial Group at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AFG. UMB Bank n.a. boosted its holdings in American Financial Group by 86.8% during the 4th quarter. UMB Bank n.a. now owns 340 shares of the insurance provider’s stock valued at $47,000 after acquiring an additional 158 shares during the period. Natixis purchased a new stake in American Financial Group during the 4th quarter valued at about $47,000. Jones Financial Companies Lllp boosted its holdings in American Financial Group by 91.2% during the 4th quarter. Jones Financial Companies Lllp now owns 520 shares of the insurance provider’s stock valued at $71,000 after acquiring an additional 248 shares during the period. Allworth Financial LP boosted its holdings in American Financial Group by 301.1% during the 4th quarter. Allworth Financial LP now owns 702 shares of the insurance provider’s stock valued at $94,000 after acquiring an additional 527 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in American Financial Group by 31.6% during the 4th quarter. GAMMA Investing LLC now owns 1,059 shares of the insurance provider’s stock valued at $145,000 after acquiring an additional 254 shares during the period. 64.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at American Financial Group

In related news, Director Gregory G. Joseph acquired 3,000 shares of American Financial Group stock in a transaction that occurred on Thursday, February 20th. The stock was bought at an average price of $121.00 per share, with a total value of $363,000.00. Following the transaction, the director now directly owns 57,477 shares in the company, valued at approximately $6,954,717. This represents a 5.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 17.40% of the company’s stock.

American Financial Group Trading Down 2.1 %

AFG opened at $126.39 on Monday. The business has a 50 day simple moving average of $125.84 and a two-hundred day simple moving average of $132.37. The firm has a market capitalization of $10.57 billion, a price-to-earnings ratio of 11.96 and a beta of 0.59. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. American Financial Group, Inc. has a one year low of $114.73 and a one year high of $150.19.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $3.12 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.03). American Financial Group had a net margin of 10.66% and a return on equity of 20.30%. Analysts predict that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Tuesday, April 15th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Tuesday, April 15th. American Financial Group’s dividend payout ratio is currently 30.27%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods dropped their target price on American Financial Group from $144.00 to $126.00 and set a “market perform” rating for the company in a report on Wednesday, April 9th.

About American Financial Group

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers’ compensation insurance; and specialty financial insurance products comprising risk management insurance programs for lending and leasing institutions, fidelity and surety products, and trade credit insurance.